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Shanehchian v. Macy's, Inc.
Case Number:
1:07-cv-00828
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Bernstein Litowitz
- Harwood Feffer
- Jones Day
- Law Office of Alfred G. Yates Jr.
- Milberg Coleman
- Morgan Lewis
Companies
Sectors & Industries:
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March 01, 2013
Macy's Pays $8.5M To Settle ERISA Stock Drop Action
Macy's Inc. agreed Thursday to pay $8.5 million to settle a class action brought by members of company retirement plans who accused the retailer of funneling their nest eggs into its own stock while knowing it was an unwise investment.
-
March 10, 2011
Macy's Retirement Plan Class Gets Conditional OK
An Ohio federal judge granted conditional class certification Thursday to Macy's Inc. retirement plan members who claim their nest eggs were hurt when the retailer omitted details about setbacks in converting department store outlets Macy's acquired in 2005.